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Mammography Devices Market Value Share, Analysis and Segments 2017-2021

02-14-2017 09:36 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: SA-BRC

Mammography Devices Market Value Share, Analysis and Segments

Mammography devices market is currently experiencing an increased demand due to wide spread awareness and participation of not-for-profit organizations in subsidized and free breast cancer screening drives. The growth is also supported by new technology and digitization devices which are less expensive as compared to older analogue devices. Rising prevalence of breast cancer and increased diagnosis rate due to increased awareness are other factors driving the global mammography devices market growth. Advent of 3D mammography or digital tomosynthesis has made breast cancer screening more detailed and accurate. An article published in Digital Trends states that 3D mammography can detect 40% more breast cancers as compared to 2D, and also records false positive tests rate by over 15%. However 3D mammography machines priced at about twice the cost of 2D devices. Hence the devices are currently limited to large hospitals and few diagnostic centers.

Statistics published by the Breastcancer.org (U.S.) states that breast cancer incidence rate have started declining in the U.S. since 2000. In spite of this, the organization expects over 255,180 new cases of invasive breast cancer to be diagnosed among U.S. women in 2017. U.K. recorded more than 55,000 new cancer cases in 2014. Breast cancer prevalence studies in India indicate that the breast cancer incidence rate has increased dramatically from 7% in 1990 to 16% in 2015 among age group 30 to 40 years. China has also recorded high prevalence of breast cancer with over 200,000 new breast cancer cases diagnosed in 2015, which accounted for 12% of the global breast cancer cases. Australia also estimated more than 16,000 new cases in 2016; 150 in male and more than 15,500 in females. Such wide spread prevalence and increasing patient population has been driving the global mammography devices market.

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Although hospitals and diagnostic centers are major customers of mammography units, not-for-profit organizations are also engaged in providing mobile mammography services. Mammography devices are installed in trucks, and are deployed to various geographical areas for conducting screening programs. This has been an attractive means for charity, awareness and community funding. Mobile mammography has also reached developing and under-developed economies where majority of the cases remain undiagnosed, or are diagnosed in later stages. The global mammography devices market is minimally impacted by the sale of refurbished devices in the market. The trend for such refurbished devices has increased in the recent past due to increasing financial pressures on hospital management due to economic instabilities, and rising healthcare costs. However this impact would be offset by new technology low cost devices that are expected to replace old devices.

Some of the leading players in the global mammography devices market include Allengers Medical Systems Limited, AMICO JSC, Angell technology, BMI Biomedical International, Carestream Health, EcoRay, Fujifilm Holdings Corporation, GE Healthcare, General Medical Italia, Genoray, Hologic, Landwind Medical, Neusoft Medical Systems, Panacea Medical Technologies, Philips Healthcare, Seeuco Electronics Technology, Siemens Healthcare, Villa Sistemi Medicali.

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About Us
Spearhead Acuity Business Research & Consulting Private Limited (SA-BRC) is a premium Life Science business intelligence and data analytics firm. SA-BRC team offers a wide range of business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all other individuals in the entire value chain of healthcare industry. Our research and consulting capabilities extend across several sub-domains within the sphere of Life Sciences such as Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and Pharmaceuticals.

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